Cavco Industries (CVCO) Expected to Announce Quarterly Earnings on Thursday

Cavco Industries (NASDAQ:CVCO - Get Free Report) is projected to issue its quarterly earnings data after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $4.89 per share and revenue of $478,670.00 billion for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.58. The company had revenue of $507.46 million for the quarter, compared to the consensus estimate of $480.10 million. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. During the same quarter in the prior year, the business earned $4.76 EPS. On average, analysts expect Cavco Industries to post $18 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Cavco Industries Stock Performance

Shares of CVCO traded up $1.24 during midday trading on Thursday, hitting $476.05. The company had a trading volume of 36,018 shares, compared to its average volume of 51,544. The company's 50-day simple moving average is $473.79 and its 200-day simple moving average is $433.27. Cavco Industries has a 1 year low of $313.47 and a 1 year high of $544.08. The firm has a market capitalization of $3.86 billion, a P/E ratio of 26.91 and a beta of 1.33.

Insider Activity

In related news, Director Susan L. Blount sold 750 shares of Cavco Industries stock in a transaction on Friday, December 13th. The shares were sold at an average price of $485.56, for a total transaction of $364,170.00. Following the sale, the director now owns 2,086 shares of the company's stock, valued at $1,012,878.16. The trade was a 26.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Paul Bigbee sold 100 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $512.23, for a total value of $51,223.00. Following the sale, the chief accounting officer now owns 981 shares of the company's stock, valued at approximately $502,497.63. This trade represents a 9.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,850 shares of company stock worth $889,417. Company insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CVCO shares. StockNews.com downgraded shares of Cavco Industries from a "buy" rating to a "hold" rating in a research report on Friday, December 20th. Wedbush downgraded shares of Cavco Industries from an "outperform" rating to a "neutral" rating and set a $480.00 price objective for the company. in a research report on Tuesday, December 3rd. Finally, Craig Hallum raised their price objective on Cavco Industries from $422.00 to $495.00 and gave the stock a "buy" rating in a report on Monday, November 4th.

About Cavco Industries

Cavco Industries, Inc designs, produces, and retails factory-built homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its factory-built homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry, and Solitaire brands.